TOWN-BONDING ACT

TOWN-BONDING ACT

town-bonding act. A law authorizing a town, county, or other municipal corporation to issue its corporate bonds for the purpose of aiding in construction, often of railroads. ¡ª Also termed town-bonding law. [Cases: Towns 52. C.J.S. Towns ¡ì 210.]
What is the preferred translation of the term TOWN-BONDING ACT by Chinese lawyers?
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